Total employment in the US is projected to reach 169.1 million jobs over the 2022-2032 decade — an increase of almost 4.7 million jobs, according to the US Bureau of Labor Statistics.
This indicates growth of 0.3% annually, slower than the 1.2% annual growth recorded over the 2012-22 decade.
Employment in the healthcare and social assistance sector is projected to grow the fastest, with 45% of all the projected job gains within the decade. Healthcare occupations that are involved with the increased care of the aging population are projected to experience large and rapid employment increases, according to the BLS. Home health and personal care aides, nurse practitioners and medical and health services managers are three occupations that are projected to experience both large increases in employment and rapid growth.
Overall, healthcare and social assistance is expected to add approximately 2.1 million jobs from 2022 to 2032 with an annual growth rate of 1.0%.
Faster-than-average growth is also anticipated in the computer and mathematical occupational group. Employment in occupations such as data scientists, statisticians, and information security analysts is projected to grow more than 11 times the average rate. It’s expected to add 474,800 jobs.
Employment opportunities in the computer systems design and related services industry are expected to arise because of demand for information technology and cybersecurity products and services.
On the flip side, the manufacturing sector is projected to lose 113,400 jobs between 2022 and 2032 as manufacturers continue to automate processes. However, a bright spot here is that rapid employment growth is projected in battery production because of stronger demand for electric vehicles.